Thailand and Cambodia reach Trump trade deals, US official says
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The senior Cambodian official involved in the negotiations said Cambodia would be pleased if the rate was 15%. The official said that Prime Minister Hun Manet had asked Trump for 'a good tariff so we can rebuild our economy because Cambodia had been at war for decades and only obtained peace in 1998.'
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Trump 'acknowledged and understood,' said the official, citing information from Hun Manet.
As part of the deal, Cambodia has offered to improve market access to American goods and buy 10 Boeing planes, with the option to buy 10 more, according to the official.
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On Saturday, Trump said he told the leaders of Thailand and Cambodia that he would stop negotiating with them on trade if they did not agree to a ceasefire. After a truce was reached in Malaysia on Monday, Trump called the leaders of both countries and told his trade team to restart talks.
Pichai said negotiators had proposed to the Trump administration 'conditions acceptable to Thailand, with the goal of protecting the country's best interests.'
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